Publication Date:
21
February
2013

DOI: http://dx.doi.org/10.5089/9781475515299.001

ISBN: 9781475515299

Why do asset price bubbles continue to appear in various markets? This paper provides an overview of recent literature on bubbles, with significant attention given to behavioral models and rational models with fric...

Publication Date:
01
December
2010

DOI: http://dx.doi.org/10.5089/9781455210817.001

ISBN: 9781455210817

Sharp increase in house prices combined with the extraordinary Chinese lending growth during 2009 has led to concerns of an emerging real estate bubble. We find that, for China as a whole, the current levels of hou...